This Will Make Teenagers Millionaires (8 Money Tips)

you know this video is such an important topic and if you follow the steps i'm gonna outline here today you know i don't see a way that you are not a millionaire if not even a multi-millionaire by the age of 25 so i thought you know this might be one of those occasions where it's time to light a candle it's time to pull out a pen and a notebook because i'm going to show you exactly the things i learned reaching 10 million dollars in my investment portfolio after tax by the age of 21. and how

you can replicate the exact eight steps that i took in order to get there so ladies and gentlemen this is my investing advice for all of the teenagers out there now the first step is you have to decide how much of your income no matter how small it is are you gonna put away in order to invest it really all starts with a decision whether you know you're getting you know fifty dollars a week pocket money uh whether you have a little you know you're 17 or 18 and you have a little side gig maybe

you have a part-time job whatever it is decide how much of your income you're gonna put away now you might be making fifty dollars a week right now because your parents are giving you fifty dollars a week in pocket money and you might go you know if i put ten dollars away every single week that's really not going to move the needle that much you're right but what happens when you get to a point where you're making five thousand dollars a week and that could very much happen for you in your you know teenage years

maybe even your early twenties whatever the case may be and you for four five six seven years built up the habit of putting for example 20 of your income away so maybe when you're 14 or 15 you're used to putting 10 dollars away per week to invest and let's say you land a high-paying job or maybe you start your own business and as i said you're making 5 000 a week and you are used to putting 20 of that income aside that's a thousand dollars a week that's a lot of money to be investing so

the first step here is decide how much money are you gonna put away and invest and think about it not so much in terms of the amount of money but in terms of percentage term of everything that you receive how much you're going to invest and bear in mind when you're not making a lot of money that percentage might be very small and even if it's just 10 or 15 or 20 that's okay we're just trying to get you in the habit here now my second piece of investment advice specifically for teenagers is find a

way to have that money away from you so what you can do is you can tell your parents hey i'm you know i want to be serious about investing because today it might be a small amount but you know in my early 20s or even my mid-20s this could be a very large sum of money so i just want to get used to and i want to train myself when i give you money to put away into my investments can you make sure that i don't take it out can you make sure that i don't

touch it because you know something might come up you know you might want a new ps5 or you might you might get tempted by the list travis scott nike collab 101 different things could come up right but you want to make sure that you never touch that investment pile so as i said step number two specifically for teenagers is find a way to ensure that that money you know is put away and no matter how tempted you are you cannot touch that money and you know you don't need to do this for the rest of

your life i definitely don't give away my money to someone to safeguard and keep protected uh you know because i'm worried i'm gonna spend it all but just while you're in these early years and also while the amount of money may not seem significant to you very quickly it will snowball and become a significant amount but not if you pull that money out now my third piece of investing advice for teenagers is get a credit card as soon as you can and just spend a little bit on it every single month credit cards have so

so many benefits and me personally i wish i had learned these benefits a long time ago you know for me personally i was just about to turn 20 when i started using credit cards and bear mine at the age of 18 i was making anywhere from 100 to 200 000 a month profit so you know i was used to making a lot of money but i was just using debit cards for everything which was foolish you know i wasn't building up my credit score wasn't getting uh you know the the myriad of different benefits that

you get from credit cards like for example pretty much free travel you know just from the amount of money that i spend on the business either way you know these costs are gonna happen either way uh between my various different businesses i i did the calculations earlier i get something like 55 upgrades a year like basically uh you know more than an upgrade a week you know from economy to business or business to first class and that's just one of the benefits right there so step number three is get a credit card make sure you

do not spend a lot of money on it you know it could literally just be like 20 or 50 or even 100 a month just something you know you can even just put your spotify and netflix subscription on there and just make sure you pay it off and just get used to the habit of having a credit card and paying it off every single month now the fourth thing i want you to do is actually set up the infrastructure in order to invest and here's what i mean by this for the longest time you know

i didn't really start investing until i was 19 which was a big big mistake trust me i would probably have a lot more than 10 million dollars right now if i had invested much sooner they ask you how you are you just have to say that you're fine when you're not really fine but you just can't get into so one of the reasons that i didn't was because investing seemed like this sort of scary world to me right you know i didn't know how to set up a brokerage account uh even some of the the

crypto platforms back in 2017 2018 were a little like just complicated to figure out in terms of you know wiring your money and this and that i didn't really understand anything about the real estate market about alternative investments for example like watches so what i want you to do and you know in the year 2022 there are so many things that make it so easy to invest you know simple things like robinhood or weeble like it's very easy to take money and invest it whether that be into stocks without being to crypto whether that be

you know nfts uh even real estate it's getting easier and easier these days for someone who's not a seasoned investor to get started and get investing so what i want you to do is i want you to set up your you know it could be a coinbase account or a cracking account or a binance account right something that you can buy crypto with and actually learn how to take money from your bank you know whether once again that could be 50 or 100 and know how to wire that and send that to your you know

your binance or your coinbase account so that way you can start investing i want you to set up your weeble or robinhood account and you know i don't have any affiliate links for any of these platforms just go you know type it in google and get signed up because that way you're removing any barrier or friction in order to invest i want you to set up an openc account i want you to set up a chrono24 account i want you to whenever you walk past a real estate agency in your town or city i want

you to you know actually look at the house prices and just get a feel for what are the house prices in your area you know i want you to spend a bit of time on zoopla or right move wherever you are in the world right as i said just to get to know you know why is one house worth more than other why does one house rent out for more than other and you don't need to become an expert at any of this stuff you know you don't need to become an nft expert and spend

24 hours a day on openc but you can just start to see patterns and stuff like that whatever avenue you want to go down and you know for example for me all of my investments are with crypto nft and watches right like that's just the the area and the vertical that i am the most proficient and i understand the most so that's just kind of what i stick to and i know them very very very very well i know watch prices very well i know everything's going on on openc i know everything that's going on

in the crypto market so as i said whatever vertical you decide to go down set up the infrastructure to be able to invest so that way if tomorrow you want to invest a thousand dollars you could do it and there's nothing you know there's no excuses that you could give yourself now my fifth piece of investing advice from someone who started their business that business right there my advertising agency when they were 16 years old and by the time that they were 21 years old they had over 10 million net after tax in their investment

portfolio the fifth piece of advice that i could give you is investments are great but you need to understand that investments are not there to really make you rich they're more there to preserve your wealth and to give you stability and security you know for many many years and decades to come what you need to do the fifth thing you need to focus on is start a business or start some sort of freelance side gig whatever it is you need to get your income up now that could even just be you know a job at

a fast growth uh company you know there's many many employees in my companies you know between my agency my education platform my software company that make ceo type money and every year you know their income compounds so if you can find an organization like that there's nothing wrong with having a job but i will say they are very few and far between um yeah most time it's very very hard to level up your income uh when you're working on a job so as i said the reason that i was able to get to this point

in life is because i decided to start an agency obviously at the time when i was 16 i didn't realize what i was doing now looking back i realized yeah i started a a boutique online remote agency and the way that i built it up was by using something called contractor arbitrage i would find really good contractors and then i would basically take their services wrap it up under my agency and then go ahead and sell that on for double triple or quadruple what they were charging me and you know what they were charging me

was still considerably higher than what they were able to charge clients in their own country so so yeah that was basically the business model for the first you know almost two years and i was able to get to 40 50 000 a month's profit right towards the tail end of being 17 going into being 18 years old and then from there once the budget allowed hired people full time et cetera et cetera and you know my cmo actually was a contractor who worked for me four years ago and it's been four years that we've been

working together now i can't give you guys the exact specifics on how to actually accomplish this and do what i did but you will be happy to know that i released exact step-by-step training on exactly how to build a 100k a year online business in the quickest time possible so you can find that on youtube i'll leave that as the first link down below as well make sure you finish this video and then go ahead and watch that but as i said the reason that i got to this point in life i had that advertising

agency that after two years from 2016 to 2018 towards the tail end of 2018 uh when i was still 18 years old when i was just about to turn 19 that business was doing over six figures a month profit so that meant that i was able to take all of that cash and what i should have done all the way from when i was doing 10k a month you know right back when i was 17 and i just dropped out of high school is i should have been investing a large portion of this so you

know this idiot all he did was he just sat on tons of cash up until 2020 now if you know anything about what happened in 2020 2020 was a great year for investing if you deployed your capitals i had over seven figures cash you know after tax just sitting there i deployed that from my 1.5 million dollars i put in in 2020 uh within seven eight months through the crypto markets it was up to eight and a half million dollars i also invest a lot of money in watches i have a watch portfolio worth over

two point three million dollars right now i'll get tristan throw it up on the screen my chrono 24 collection so as i said if you're starting off with a little amount of money you will not invest your way to riches still follow all of these principles here the big big one is this fifth one which is it said start a business or some sort of freelance gig step number six is live below your means now i know there's been a lot of people who could look at my life and you know they'll see videos where

like you know i'll go shop at the mall for like two hours and spend like twenty thousand dollars or uh i'll buy expensive watches well watches are investments for me uh but i don't know like i'll just do i spend money i enjoy my life etc etc for me personally i live off of anywhere from 10 to 15 of what i earn if you guys have seen uh my breakdown of 2021 uh sort of like a year in review video as all you guys may know i made over 10 million dollars in 2021 so i

know some of the things i do might seem like wow that's so much money but it's it's all you know it's all uh i don't know what word i'm looking for here proportionate i think so i would be very concerned for myself if i spend 70 80 90 of my income and a lot of people out there spend more than they even earn i don't believe in living below your means in the sense that you know i see a lot of these like you know multi multi-millionaire uh people and they're just like live very frugally

and they won't buy coffee in this i personally just think that's stupid right like this life you only have one of this life if you are being responsible and you're only spending 10 15 20 even 30 of your income uh and you make a lot of money who cares if you're investing the rest of money you're protecting your future uh you know that even if you stop making money for the rest of your life you would still be good and i'll get on to a point that i'm gonna touch on very soon for me personally

i know everyone has different opinions this life is there to enjoy and especially if you have the great privilege and the great honor like i did and was very blessed and very lucky because don't get it twisted everything in life you know luck has a role to play and i was very blessed and i was very lucky to yes spot the right opportunities at the right time you know start a business at the right time but there was always a factor of look involved so as i said if you are privileged enough to make money

at a young age i believe um you know you should enjoy this life so live below your means that doesn't mean you know you need to scrounge your own coffee this you know i think when you're making less income like let's say less than five thousand dollars a month or two less than ten thousand dollars a month it makes sense that you spend 50 or 60 or you know maybe even 70 of your income i get it now once you get to a point where you're making you know multiple five figures maybe even six figures

a month and if that sounds crazy to you at some point you know you can go back to my youtube video and watch videos of me when i was starting my business in 2016. you can watch videos of me in 2015 when i was like showing what books i was reading i used to read a book a week and you know i was like you know and i had all these great visions and all these grand plans et cetera et cetera so don't set any boundaries on yourself of what is and is impossible but anyways

as i said live below your means as a percentage okay let's say in a hypothetical world totally hypothetical someone might look at someone who is just enjoys their life to the fullest like literally doesn't even look at the price tag of anything and they spend 10 million dollars a year that might seem insane to someone that might seem like total lunacy but let's just say that person made a hundred million dollars a year and that person invested 80 million dollars a year spent 10 million a year and put 10 million years into their savings okay

so they saved just as much as they spent and the other 80 of everything they made went to investments and let's say that investment portfolio yielded them 10 returns a year from that 80 million dollars they have just yielded eight million dollars a year passively from their investment portfolio so the reason i say this is because someone might look at that person be like oh you're not living below your means you're boba or you're financially responsible i don't think so is that for me it's all proportionate and it's all based on how much you make

and what stage of things you're at so living below your means doesn't mean uh you know only shopping when there's sales if you're a person who makes a lot of money okay so just bear that in mind and this goes into step number seven and this is very important as time goes on and step number seven is you want to increase your percentage of your income that you invest okay so once you start getting to a point where you're making more and more income every year you should try to have your you know the percentage

of your income that is going towards your investment grow and grow and grow and this you know the reason that this is important is because of the last final steps and last final step is really where you achieve the truest freedom in life but the only way that that's possible is by consistently as your income grows and as i said the best way to do that is through a business once you're done with this video make sure you click the first link in the description that'll take you to another youtube you know it won't take

you any landing page or this or that it'll just take you to another youtube video that i put out that people went absolutely crazy for the truth it shows you step by step exactly how to build an online business to 100k a year as i said go ahead start a business and as the years go by and you make more money go ahead and increase the percentage of that money that you make that goes into your investment portfolio and the last step and this is really where you achieve the truest sense of freedom is only

live off of what your investment portfolio yields you so let's say that you have an investment portfolio let's say you're 25 years old and you followed all these steps and let's say you follow these steps and you know you're 14 let's say you're 17 you know maybe even you're 19 years old and you follow these steps and you have a investment portfolio of 2 million dollars and if that sounds crazy like trust me like don't box yourself in like that like don't limit yourself and your scope of thinking so they said let's say you get

to two million dollars a year off that let's say that you are yielding eight percent a year that is 160 000 a year passively the truest truest truest freedom is when your investment portfolio as in like your true passive income that pays for your life and if you can get to that point and that's kind of the cool stage where i'm at in life right now where my lifestyle can be entirely paid for by my investment portfolio which means that all of the money that i earn in my businesses can go straight into my investment

portfolio so let's say you know to give you sort of realistic benchmarks this year the businesses will hit i think combined anywhere from let's say three and a half million dollars to five million dollars profit right so if i can contribute let's say hypothetically an extra four million dollars and let's say i'm yielding ten percent from that i put four another four million dollars into my investment portfolio this year and that means that i get back an extra four hundred thousand dollars a year in yield i've just gone ahead and from this year 2022 from

my business earnings i've gone ahead and allowed myself to spend an extra 400 000 a year for the rest of my life and if i go ahead and do that again next year then that stacks and that compounds and compounds so they said the truest freedom in life is when you follow these seven steps and then that last eight step that gives you the stability the calmness to know that i'm gonna be fine no matter what i could stop working tomorrow and really nothing could ever happen so for some of you you will finish watching

this video and you go that was cool that was kind of interesting and for some of you you will understand just how powerful these steps are and for any of you guys who have been watching my youtube channel for a while and there's a lot of you guys who are literally used to watching when i was 15 and 16. you would have seen every single year i followed these steps you know one or two i should have done earlier like getting a credit card and really getting the infrastructure for investing set up earlier but you

would have seen my journey in the last six years and you would have seen exactly how my match should get to this point in life and this is something that no one ever taught me i grew up in a single-parent household at some point me and my mom were on government benefits which for those of you guys who don't know that's basically like um welfare in america in the uk my mom was bouncing between retail jobs she used to be you know a receptionist getting paid minimum wage at you know when the hospitals one of

the nhs hospitals which is you know free healthcare in the uk so i never had a dad i never had anyone to be a big bro and you know really impart this wisdom on me so for me this is like this video is important and it's meaningful to me because it's like this is this is it like this is the high level view this is how you do it like this is how you free yourself for your family so yeah i hope that you realize how significant this is if you follow this so on that

note wherever you are on these eight steps and i'll get tristan to pop them up right here just keep going you know keep going and i can tell you for sure i am definitely here in your corner and rooting for you [Music]